TikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects the popular short video app to achieve US$6 billion in revenue in 2021. Photo: ShutterstockTikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects the popular short video app to achieve US$6 billion in revenue in 2021. Photo: Shutterstock
TikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects the popular short video app to achieve US$6 billion in revenue in 2021. Photo: Shutterstock

ByteDance investors said to value TikTok at US$50 billion in takeover bid

  • It is unclear whether Zhang Yiming, founder and chief executive of ByteDance, will be satisfied with the offer
  • TikTok faces the prospect of US intervention after President Donald Trump and other administration officials said they were considering banning the app

Topic |   TikTok
TikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects the popular short video app to achieve US$6 billion in revenue in 2021. Photo: ShutterstockTikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects the popular short video app to achieve US$6 billion in revenue in 2021. Photo: Shutterstock
TikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects the popular short video app to achieve US$6 billion in revenue in 2021. Photo: Shutterstock
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